Vivakor's Merger with Empire Delayed to Q1 2025 Due to Endeavor Acquisition

• Vivakor, Inc. to acquire Empire Diversified Energy, Inc. • Vivakor will issue 67.2 mln shares to Empire shareholders • Merger expected to complete by Q1 2025 • Vivakor's Endeavor Entities acquisition delayed to Q4 2024 • Vivakor focuses on energy transport, storage, reuse, and remediation

Vivakor, Inc. (NASDAQ: VIVK), a pioneering player in the clean energy technologies and environmental solutions sector, recently announced its intent to acquire Empire Diversified Energy, Inc. (OTC Pink: MPIR) [1]. This strategic move is expected to bolster Vivakor's position in the market and accelerate its revenue growth.

Under the terms of the agreement, Vivakor will acquire all of Empire's outstanding shares for approximately 67.2 million shares of Vivakor common stock, making Empire a wholly-owned subsidiary of Vivakor upon completion of the merger [1]. This deal offers a myriad of benefits for both parties.

Firstly, the merger is expected to provide Vivakor with an expanded infrastructure for growth. Empire's business units in sustainable energy and logistics will complement Vivakor's existing clean energy technologies and environmental solutions offerings. This synergy aims to accelerate revenue growth and create new opportunities for innovation.

Secondly, the merger is subject to certain conditions, including stockholder approval, a satisfactory fairness opinion, and the effective registration of the consideration shares. Vivakor is targeting a completion date by the end of the third fiscal quarter in 2025 [1].

It is essential to note that Vivakor's plans to acquire Endeavor Entities have been delayed to the fourth quarter of 2024 due to unspecified reasons [1]. This development may impact Vivakor's overall growth strategy but does not affect the Empire acquisition.

Vivakor's focus on energy transport, storage, reuse, and remediation aligns with the broader trend of transitioning to cleaner and more sustainable energy sources. With the addition of Empire's expertise in sustainable energy and logistics, Vivakor is well-positioned to capitalize on this growing market.

In conclusion, Vivakor's acquisition of Empire Diversified Energy is a strategic move that is expected to provide Vivakor with an expanded infrastructure for growth and accelerate revenue growth. The merger is subject to certain conditions and is expected to be completed by the end of the third fiscal quarter in 2025. With a focus on energy transport, storage, reuse, and remediation, Vivakor is well-positioned to capitalize on the growing market for clean energy technologies and environmental solutions.

References:
[1] Vivakor, Inc. (2024, March 4). Vivakor Signs Definitive Merger Agreement with Empire Diversified Energy for a Combined Enterprise Value of Approximately $250 Million. Retrieved from https://empirediversifiedenergy.com/vivakor-signs-definitive-merger-agreement-with-empire-diversified-energy-for-a-combined-enterprise-value-of-approximately-250-million/